fraud

Fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law, a criminal law, or it may cause no loss of money, property or legal right but still be an element of another civil or criminal wrong.

Lebanon Central Bank Chief, Nevada Man Charged in Separate Money Laundering Crimes

Lebanon Central Bank Chief, Nevada Man Charged in Separate Money Laundering Crimes
Lebanon Central Bank Chief, Nevada Man Charged in Separate Money Laundering Crimes
March 25, 2022  |  Cybersecurity

Lebanon’s central bank chief was charged with illicit enrichment and money laundering by Lebanese Judge Ghada Aoun, while a Nevada man pleaded guilty to laundering...

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NYC Party Planner Charged in $2.3M Bitcoin Laundering Case
NYC Party Planner Charged in $2.3M Bitcoin Laundering Case
March 25, 2022  |  Cybersecurity

Prosecutors in Manhattan have accused a former party producer of using bitcoin to launder millions in for a “rolodex of crooks” around the world. Get...

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PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
PYMNTS Intelligence: How Digital Identity Can Reduce Money Laundering and Improve AML Compliance
March 25, 2022  |  Authentication

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Four Indicted by DOJ in $16M Fake Investment Ruse
Four Indicted by DOJ in $16M Fake Investment Ruse
March 24, 2022  |  Cybersecurity

Four men were indicted for allegedly engaging in a $16 million wire fraud and money laundering operation connected to their investment firm, which involved fake...

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2 Plead Guilty, 17 Charged in US Rideshare, Delivery Fraud Racket
2 Plead Guilty, 17 Charged in US Rideshare, Delivery Fraud Racket
March 24, 2022  |  Cybersecurity

Two Brazilian nationals — one residing in Lowell, Massachusetts and another in Daly City, California — pleaded guilty to conspiracy to commit wire fraud and...

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Today in B2B: Virtual Cards Help Digitize Spend Management; Fraud Detection Becomes More Prevalent in Digital Payments
Today in B2B: Virtual Cards Help Digitize Spend Management; Fraud Detection Becomes More Prevalent in...
March 23, 2022  |  B2B Payments

Today in B2B payments, spend management jumps into the digital age with virtual cards, while three out of five companies build fraud detection into their...

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59% of Companies Build Fraud Detection Into Digital Payments Processes
59% of Companies Build Fraud Detection Into Digital Payments Processes
March 23, 2022  |  B2B Payments

When making the transition to digital payments, most companies also add systems for detecting fraud to the mix. Get the Full Story Complete the form...

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5 Takeaways on Pandemic Fraud From the FBI 2021 Internet Crimes Report
5 Takeaways on Pandemic Fraud From the FBI 2021 Internet Crimes Report
March 23, 2022  |  Cybersecurity

SIM swaps, employment schemes, business email compromise, tech support fakes, auction fraud, romance scams — fraud comes in many forms, and 2021 was a banner...

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